Keynesian economics MCQ - Practice Questions with Answers

The General Theory of Employment, Interest and Money was written by John Maynard Keynes and published in 1936. It became central to Keynesian economics because it challenged the view that markets automatically return to full employment. Robert Lucas is associated with rational expectations and new classical macroeconomics. Kenneth Arrow is known for welfare economics, social choice theory, and general equilibrium work. Friedrich Hayek was an Austrian economist and a critic of Keynesian intervention, but he did not write this book.